Which of the following can be the subject matter of the audit?
A) The financial report of a company.
B) The Australian accounting standards.
C) The Australian auditing standards.
D) The auditor's report.

Question

Quizplus · Accepted Answer

The financial report of a company is a common subject matter of audit as it provides stakeholders with an assurance about the accuracy and reliability of the financial information presented.

Other options such as Australian accounting standards, Australian auditing standards, and the auditor's report may be referenced or used in the audit, but they are not typically the primary subject matter.

Which of the Following Can Be the Subject Matter of the Audit